Massachusetts inheritance law details what happens when someone inherits money. If you are making your legacy plan or estate plan, you need to understand how inheritance law will affect the money that you leave behind. You also need to understand how inheritance law will impact your beneficiaries or heirs.
It is always important to consider both the impact of an inheritance, and the method by which heirs will manage an inheritance. However, this becomes an especially important consideration if you are leaving money to a minor who will be under the age of 18 at the time when you provide an inheritance. If you leave money to someone underaged, the law is very strict on what will happen to the money or the property you have provided as an inheritance.
Unfortunately, sometimes you may not like how Massachusetts inheritance law will treat an inheritance that you have left behind for your children or for other kids who are important to you. You need to understand what the default rules are and, if you don’t like those rules, must use appropriate legal tools to opt out of defaults and ensure the inheritance you leave behind works for your loved ones. The Law Offices of James A. Miller can help.